PWAV- the hot new IPO Message Board

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Technology Stocks : PWAV- the hot new IPO

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To: Rich Powers who wrote (1190)	6/16/1998 12:25:00 AM
From: Medisco	Read Replies (1) of 1491

Genesis Merchant Group Securities reiterate a Strong Buy on PWAV and sees current price level as a great buying opportunity, the firm beleive that PWAV is on track. I quote: "We believe Powerwave's 40% gross margins and 100% plus return on invested capital, indicative of its strong competitive position, justify a premium valuation relative to the competition. In our opinion, large original equipment manufacturers of wireless infrastructure are examining outsourcing opportunities. As a likely beneficiary, we believe Powerwave is poised for significant growth." their target price is $40

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